| P/E = 25 Return = 4% P/E = 20 Return = 5% ---- Below is good ---- P/E = 15 Return = 6.6% P/E = 10 Return = 10% P/E = 5 Return = 20% | P/BV = 5 Safety = 20% P/BV = 3 Safety = 33% P/BV = 2 Safety = 50% ----- Below is good ----- P/BV = 1.5 Safety = 67% P/BV = 1 Safety = 100% P/BV = 0.7 Safety = 143% |